Perfectly bullish candle up from support. Back to 1ste resistance possibly higher.
Following weekly chart There is a clear cup & handle formation. I mostly follow handle target, so TP 25.17 SL 9.16 - I know it's too far away but technically this is what it is.
ABN Amro Bank - 30d expiry - We look to Buy a break of 9.63 (stop at 9.29) Prices have reacted from 8.69. Posted a Double Bottom formation. Short term momentum is bullish. There is no clear indication that the upward move is coming to an end. A break of the recent high at 9.62 should result in a further move higher. Our profit targets will be 10.44 and...
As explained in the video, it seems ABN AMRO may continue the previous uptrend and grow further 33% in 58 days. Let's see :)
We made the run on the vaccination news in november and closed our position at the top. Then we went short. Last week closed shorts and are in cash. Why? We are at a crossroads. We do not know what effect the dividents news will have on the bank stocks, and same goes for the increased ECB support/lending. So it was safer to wait and see. We did not see much...
Maybe a little late. Still in time for the break with high resistance..
EURONEXT:ABN has not been performing well since the peak of januari 2018. Since then it has steadily dropped from 28 euro's to 18. Where at first it looked like it has found its bottem there. However the price quickly broke support, made support new resistance and dropped 60% from there. After that 60% drop the stock has found its bottom around €5.70 which is 80%...
Amro Bank - Euro-next Amsterdam , has a good opportunity if it cross above 8.45. Let's see! :)
A lot of bad press around ABN + covid19 made people dump the stock massively in March and it has been undervalued ever since. It did not enjoy the steady recovery other stocks made after the march correction, making it a prime candidate for investment. This Dutch bank is very well funded and healthy, large dutch gov. share + oversight (25%+) in the bank also...
ABN is in a descending wedge for quite some time now and with all the pump craziness there is a chance of breakout.
The coronavirus COVID-19 overreaction pushed stocks to their lows. Looking at the charts for ABN AMRO BANK N.V. we can say that this Dutch bank is heavily oversold.
We can expect to go up after reaching the 15.6 support level for the third time. Stop loss : 15.00
With general market weakness and a rapidly detiorating banking sector, we are looking for good short-entries. ABNAMRO offers excellent risk/reward opportunities for the next 2-5 months. EURONEXT:ABN
ABN Amro is in an overall downtrend. On this pullback we already hit major resistance 3 times, and is about to reverse again. Wait for confirmation, with the stop loss and targets as shown. The first target is somewhat conservative, I expect it to go lower but it's already a pretty good risk/reward ratio.